Nasstar PLC Directorate Change (2969X)
29 Abril 2019 - 01:02AM
UK Regulatory
TIDMNASA
RNS Number : 2969X
Nasstar PLC
29 April 2019
29 April 2019
Nasstar plc
("Nasstar", "Company" or "Group")
Directorate Change
Nasstar (stock code: NASA), the provider of hosted managed and
cloud computing services, announces today that Peter Daresbury, has
notified the Company of his intention to step down from the board
after 12 years as Chairman. Peter's decision will become effective
on 23 October 2019 at which point Nick Bate will become Group
chairman. Nick joined the Board as a non-executive director in
January 2014 so brings a great deal of experience to the Chairman
role, both from his time with Nasstar as well as from his roles
with a number of private technology companies.
The Board is delighted to further announce that Ben Marnham has
agreed to join the board as a non-executive director with effect
from 23 October 2019. Ben is an adviser and investor in high growth
businesses. He led and co-invested in the GBP50m private equity
backed MBO of managed service provider Timico in 2017, where he
also served as CEO for two years. At Solar Communications, where he
served as Chairman between 2014 and 2017, he was part of the team
that restructured the business which exited successfully to Wavenet
in 2018. Ben was also one of the original team that grew
Alternative Networks from a start up in 1994, to a turnover of
GBP115m & EBITDA of GBP16.1m in 2012 in his final year.
Commenting on today's developments, Nigel Redwood, Chief
Executive commented:
"On behalf of shareholders and the rest of the Board I'd like to
take this opportunity to thank Peter for his service to Nasstar
over the last 12 years and in particular over the last five years
since the transformational acquisition we completed in early 2014.
Peter has been closely involved in the significant and successful
progression of Nasstar and we have benefitted significantly from
his guidance. We are delighted to welcome Ben to the Board in
October, his experience will prove invaluable as Nasstar moves
toward the end of the "10-19" programme and beyond."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information, please contact:-
Nasstar plc +44 (0) 1952 225 000
Nigel Redwood, Chief Executive Officer
Niki Redwood, Finance Director
finnCap Limited (Nominated Adviser & Broker) +44 (0) 20 7220 0500
Julian Blunt, James Thompson (Corporate Finance)
Alice Lane (Corporate broking)
Additional Information
The following information is being disclosed pursuant to Rule 17
and paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Benjamin Luke Marnham, aged 46, has no beneficial interest in
ordinary shares of 1p each in the capital of the Company and is, or
has during the last five years been, a director or partner of the
following companies and partnerships:
Current directorships/partnerships Former directorships/partnerships
within last five years
28 Capital Limited Timico Technology Group Limited
------------------------------------
Timico Technology Services Limited
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Timico Limited
------------------------------------
Timico Partner Services Limited
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Steeple BidCo Limited
------------------------------------
Steeple MidCo Limited
------------------------------------
Steeple HoldCo Limited
------------------------------------
Steeple TopCo Limited
------------------------------------
Atlas Advanced Internet Solutions
Limited
------------------------------------
Wireless Broadband Services Limited
------------------------------------
KE-Connect Systems Limited
------------------------------------
KEConnect Group Limited
------------------------------------
KE-Connect Internet Limited
------------------------------------
KEConnect Maintenance Limited
------------------------------------
Twang.Net Limited
------------------------------------
NewNet Broadband Limited
------------------------------------
Hand Held PC's LTD
------------------------------------
Hand-E-Pix Limited
------------------------------------
Power Internet Limited
------------------------------------
Power Internet Services Limited
------------------------------------
Redwood Telecommunications Limited
------------------------------------
Wirebird Holdings Limited
------------------------------------
Spindean Limited
------------------------------------
Solar Communications Limited
------------------------------------
Solar Communications Group Limited
------------------------------------
Luminet Networks Limited
------------------------------------
About Nasstar plc
Nasstar (www.nasstar.com) and its wholly owned operating
businesses provide hosted managed and cloud computing services,
integrating private and public clouds supplying a robust, secure
and stable hosted Information Technology service to business
customers. The Group provides a true end to end service for clients
providing them with enhanced IT performance and greater cost
control over their IT function. The Group owns its primary data
centre, is head quartered in Telford with regional offices in
Northampton, London and Bournemouth whilst 24 x 7 support is
delivered from its Auckland office in New Zealand. Nasstar is an
accredited Microsoft Gold Partner, is the 2016 Citrix Networking
Partner of the Year and is certified to ISO 27001.
Nasstar specialises in building bespoke cloud hosted services to
manage a client's entire application set, tailor made to suit
specific industries, designing public, private and hybrid cloud
solutions to meet the objectives of the client. The solution is a
highly scalable service that provides benefits including "Anywhere
Access" to computing; a standardised corporate solution that can be
accessed globally in multiple languages; generating cost savings
when compared to the traditional IT ownership model whilst
replacing capital expenditure with a simple usage based payment
model.
Nasstar (AIM:NASA) was founded in 1998, admitted to AIM in
December 2005, acquired e-know.net Limited in a reverse takeover in
January 2014, Kamanchi Limited in July 2014, VESK in October 2015
and Modrus Limited in September 2016.
Ends
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END
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